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3 clusters · 45 sources · 23 days · First seen about 2 months ago · Last updated 26 days ago

Financial sector stablecoin integration expansion

Overview

Financial technology firms are increasingly integrating stablecoins into traditional payment and lending infrastructures through strategic partnerships.

Visa has begun integrating VisaNet settlement data with blockchain-based lending to support the growth of stablecoin-linked cards. This initiative allows lenders to use offchain settlement records and onchain transaction data to evaluate creditworthiness. Visa is currently piloting a revolving credit facility with Credit Coop to support stablecoin settlement volumes, which have reached an annualized run rate exceeding $20 billion. Additionally, Visa is partnering with the International Finance Corporation on a $200 million facility to expand digital payment access in emerging markets.

Recent data from Visa indicates a significant rise in stablecoin adoption for business and commercial card programs, which accounted for approximately 17% of stablecoin-linked card volume in the current fiscal year-to-date. Payments volume across more than 160 stablecoin-linked card programs supported by Visa has grown nearly 200% year over year, as companies utilize these assets for settlement, treasury management, and cross-border commerce.

Other industry players are following similar expansion paths. Marqeta and BVNK have partnered to enable stablecoin-backed card capabilities. Expanding access to smaller institutions, Coinbase and payments infrastructure provider Moov have partnered to bring stablecoin capabilities to more than 1,000 community banks and credit unions. This collaboration integrates Coinbase’s stablecoin infrastructure and custodial wallet accounts into Moov’s platform to provide regulated services such as consumer payments, merchant acceptance, and real-time funding.

Furthering institutional adoption, U.S. Bank successfully completed a live cross-border payment pilot using its proprietary dollar-backed stablecoin, USBDC. The transaction, conducted on the Stellar public blockchain, moved value between the bank’s North American and European entities, testing essential lifecycle controls including minting, redemption, freezing, and clawback functions.

Entities

Mastercard · Visa · Office of the Comptroller of the Currency · Stripe · International Finance Corporation

Claims

What the coverage asserts, and how many sources carry each claim.

[● 13 SOURCES] More than 160 stablecoin-linked card programs currently operate on Visa's network.
[● 12 SOURCES] Credit Coop has financed more than $2.5 billion in cumulative settlement volume since 2023.
[● 12 SOURCES] Payment volume for stablecoin-linked card programs increased nearly 200% year over year.
[● 11 SOURCES] Stablecoin settlement volume on Visa's network has surpassed a $20 billion annualized run rate.
[● 10 SOURCES] Visa is combining VisaNet settlement data with blockchain-based lending infrastructure.
[● 10 SOURCES] Credit Coop has processed over 3,000 borrowing events and 9,000 repayments.
[● 5 SOURCES] Since 2020, more than $694 billion in stablecoin-denominated loans have been processed through onchain lending protocols.

Timeline

26 days ago

[BUSINESS] 2 sources
Visa reports rising stablecoin use in business payments
Visa reports a 200% year-over-year growth in stablecoin-linked card volume, driven by business use, while StraitsX prepares to launch XSGD and XUSD stablecoins on the Monad blockchain in 2027.
about 2 months ago

[BUSINESS] 21 sources
Coinbase and U.S. Bank advance stablecoin adoption through new partnerships and pilots
Coinbase and Moov have partnered to bring stablecoin capabilities to 1,000+ U.S. community banks, while U.S. Bank successfully piloted cross-border payments using its USBDC stablecoin on the Stellar network.
about 2 months ago

[BUSINESS] 24 sources
Visa integrates settlement data with blockchain lending to support stablecoin card growth
Visa is linking VisaNet settlement data with blockchain lending to provide working capital for stablecoin-linked card programs, which have seen a 200% surge in volume and $20 billion in annualized settlements.

Sources

abcmoney.co.uk · algeriatech.news · bitcoinethereumnews.com · bitfinanzas.com · bittimes.net · blockonomi.com · blocktempo.com · cahighways.org · coinedition.com · coinpost.jp · cointelegraph.com · cointrust.com · criptotendencias.com · crypto-times.jp · crypto.news · cryptobreaking.com · cryptobriefing.com · decrypt.co · detlionblood32.wordpress.com · europesays.com · eurweb.com · exame.com · fintechnews.org · fintechnews.sg · gentosha-go.com · ghanaguardian.com · insidebitcoins.com · journalducoin.com · latestly.com · letsmoney.com.br · livecoins.com.br · mugglehead.com · mycryptoparadise.com · neweconomy.jp · news.bitcoin.com · news.mynavi.jp · pulse2.com · pymnts.com · rbcds.com · retailwit.com · spacemoney.com.br · stocknews.com · stocktitan.net · tokenpost.kr · tronweekly.com

This summary has been updated 3 times: see revision history